FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 45.0% in February

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 5,908 shares, a decrease of 45.0% from the February 12th total of 10,747 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 5,979 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 5,979 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

FGI has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. Zacks Research cut shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of FGI Industries to a “sell” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, FGI Industries has an average rating of “Reduce”.

FGI Industries Stock Performance

Shares of NASDAQ FGI traded up $0.07 during midday trading on Thursday, hitting $4.00. 29,988 shares of the stock traded hands, compared to its average volume of 14,439. FGI Industries has a one year low of $2.28 and a one year high of $12.62. The business has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $5.80. The company has a market cap of $7.68 million, a PE ratio of -1.95 and a beta of 1.45.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.